From the information on the picture, please issue:

- A cash budget

- a income statement and balance sheet

We are in the year 2022, and Cottage Industries is manufacturing baskets. The business has been running for 5 years. Currently they have I type of baskets, the lunch box, but due to a high demand they will introduce next year a new type of basket, the Baby shower. Due to this change in the operation of the business, they have hired you to make a budget for the coming year. After sitting down with them on a meeting, here are the information you have gathered, along with the Balance sheet for 2022. Additional Information's: 1. The lunch box currently sales at $14. per unit, but as a 10% rise in salaries is expected on January 1 , the selling price will rise accordingly. 2. The selling price for the Baby shower is expected to be $24 per unit